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Reassurance needed!

Date: Mon, 05/05/2008 - 16:40

Submitted by ginurse
on Mon, 05/05/2008 - 16:40

Posts: 134 Credits: [Donate]

Total Replies: 18


I sat down this weekend and figured out how bad the situation really is. Need I say I became quit ill!! I thought that I owed between my store front and internet lenders about $8000, it came to $12000. I have read on several posting of Langhorne Debt Services and thought I would get info. They are saying to close my account, I know that I must do this to gain my control, and not to mention my sanity back. I am worried about my store front loans. I am in Wyoming by the way. I have talked to my friendly Advance America manager, who says that I should close the account, wait for default, then make arrangements with the store front loans. Need advice, as I really do not look good in Orange and am quit scared of small spaces! I can, change my store front loans to my joint account and pay down as I can, but will the internet loans screw up my chance of writing checks?


i can't offer too much advice as i also need all the help i can get :) but i can say that its gonna be ok. i really do think the only way to stop this maddness is by closing - or putting a hard block - on your account. that was the hardest part for me, to be honest.. closing the account. like i said, i can't really offer too much advice but it will be okay.


lrhall41

Submitted by bea2ls on Mon, 05/05/2008 - 17:29

( Posts: 3840 | Credits: )


Ginurse, you are going to be just fine. We won't stand for anything less--and you will feel so much better with that monkey off your back!
What amazed me in my PDL days was going to a storefront one Saturday and seeing one of my hospital's nurse managers in line!! I don't know who was more embarrassed...
But like I said before, you are going to have to play hardball with the offshores, and we can help. Take care!


lrhall41

Submitted by kscornell on Mon, 05/05/2008 - 17:40

( Posts: 4407 | Credits: )


If any of your store front loans are members of the CFSA you have a right to evoke the EPP (extended payment plan). Have you looked into that, it might be an option to consider? To be honest with you, I wouldn't write a check to ANY payday loan companies from here on out, I wouldn't want them to have my account number, it would be strictly money orders.


lrhall41

Submitted by Shazzers on Mon, 05/05/2008 - 17:43

( Posts: 17344 | Credits: )


Well I did it! I closed my checking account, gave my letter of revoking my wage assignment to my office manager and faxed and mailed my letter to Cash Transfer Centers. I am going to start working with Langhorne. My first payday loan will try to debit Friday. It is w/Cash Net. I also spoke with my store front lenders. They will work with me.


lrhall41

Submitted by ginurse on Tue, 05/06/2008 - 17:00

( Posts: 134 | Credits: )


I am happy that you got to close your bank account. I do not think that anybody looks good in orange (lol). Are your payday loans storefronts or internet? Also, are payday loans legal in your state? If they are, pay the legal ones first then pay the other ones the orginial amount that you have borrowed. Also, send e-mail to the payday companies letting them know that they are no longer authorized to debit your account.


lrhall41

Submitted by wssu92 on Tue, 05/06/2008 - 17:33

( Posts: 510 | Credits: )


Wyoming State Information

Legal Status: Legal

Citation:
Wy. Stat. 40-14-362 et seq.

Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: 1 calendar month
Maximum Finance Rate and Fees: the greater of 20% or $30
Finance Charge for 14-day $100 loan: $30
apr for 14-day $100 loan: 780%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot repay, refinance or consolidate by proceeds of another check)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees:
Criminal Action: Prohibited (Prior to date on instrument)

Where to Complain, Get Information:
Regulator: Wyoming Division of Banking
Address: Uniform Consumer Credit Code, 122 West 25th Street Cheyenne WY 82002
Phone: (307) 777-7797
Fax: (307) 777-3555
Regulatory Contact: Joe Mulberry,, UCCC Supervisor


lrhall41

Submitted by cannr on Tue, 05/06/2008 - 19:37

( Posts: 9317 | Credits: )


I made my first payment to Langhorne. Just got in a fight with CTS regarding the wage assignment. I was "chatting" with an operator, who said "Wage Assignment is executed if you were to default on the loan and we were unable to contact you, our client has the right to garnish your wages through your employer. Digitally sign the Wage Assignment by scrolling down and typing in your first and last name in the boxes indicated. Please ensure that the name you are entering, matches what is on file. Click 'Continue'.
Verwinda: Wage Assignment is executed if you were to default on the loan and we were unable to contact you, our client has the right to garnish your wages through your employer." That was take straight from the wage assignment on their site. I have faxed to them (it's showing under my account" and gave a copy to my office manager (payroll). I am actually whistling:) but still nervous about CTS. I do not want to look totally ignorant infront of the people I work with.


lrhall41

Submitted by ginurse on Wed, 05/07/2008 - 20:01

( Posts: 134 | Credits: )